Bitcoin ETF

Bitcoin

BlackRock

<a href="https://bitcoinworld.co.in/bitcoin-etf-sees-net-inflow-of-38-4m-blackrock-outpaces-grayscale/" title="Bitcoin ETF Sees Net Inflow Of $38.4m, BlackRock Outpaces Grayscale" rel="noopener noreferrer nofollow"></a>
Bitcoin ETFs experienced a net inflow of $38.4 million on Feb. 1, marking the fifth consecutive day of such inflows.&nbsp;
Grayscale’s Bitcoin Trust ETF (GBTC) also saw a <a href="https://alpha.sosovalue.xyz/?category=ETF" rel="noopener noreferrer nofollow">significant</a> net outflow of $182 million. In contrast, the collective net inflow for the remaining nine ETFs in the sector, excluding Grayscale, amounted to $220 million.&nbsp;
BlackRock’s iShares Bitcoin Trust (IBIT) outperformed Grayscale Investments’ GBTC in trading volume. This event marks a first for BlackRock since the introduction of spot Bitcoin ETFs in the U.S. on Jan. 11.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Lot of talk about the inflows to the US spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs. Including from me but taking a step back and looking at other TradFi overlaps with Bitcoin we see the opposite story. Which i wrote about yesterday. ~$537 million in outflows from international crypto funds. <a href="https://t.co/iNxBtohymA" rel="noopener noreferrer nofollow">pic.twitter.com/iNxBtohymA</a>
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1753426340647211054?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a>
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During the first three weeks following the launch of these trading products, Grayscale’s GBTC had been the frontrunner in trading volumes.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/facebook-and-instagram-to-soon-change-its-policy-regarding-bitcoin-spot-etf-ads/" aria-label="“Facebook and Instagram To Soon Change Its Policy Regarding Bitcoin Spot ETF Ads” (Edit)" rel="noopener noreferrer nofollow">Facebook and Instagram To Soon Change Its Policy Regarding Bitcoin Spot ETF Ads</a>
GBTC accounted for nearly half of the trading activity of the ten available ETFs, with approximately $14.4 billion of the total $29.3 billion traded.
On Feb. 1st, however, IBIT by BlackRock witnessed trading volumes of $302 million, surpassing the $292 million recorded by GBTC.&nbsp;
This shift comes amid Grayscale’s challenges with net outflows, reducing its Bitcoin holdings by 5,086 BTC, equivalent to about $218 million.
Despite Grayscale’s net outflows, the sector has seen robust investment activity.&nbsp;
BlackRock’s IBIT and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have attracted significant net inflows, amounting to approximately $2.8 billion and $2.5 billion, respectively, since their introductions to the market.
#Binance #WRITE2EARN
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Bitcoin ETF Sees Net Inflow Of $38.4m, BlackRock Outpaces Grayscale

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